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Wednesday, May 24, 2017 7:40:50 PM
May 24th 2017
Dear Novation shareholders,
It has indeed been an eventful few months at Novation. In March we took the
company on the pink sheets alternative reporting. We put well-qualified professionals in
place to ensure timely reporting moving forward.
Last week after much hard work, we reported the acquisition of Capital Resource
Authority Inc., launching Novation into the Financial Technology market place. We
decided to structure the acquisition differently and acquire the assets of the company
rather than the company itself. The main asset acquired is the Web site Medfi.com. This
change will make it much easier for Novation if and when we decide to achieve full
reporting status as we will not have to audit the company as we acquired an asset.
We have positioned Novation in very exciting industry segments. Fin Tech is now
a darling on Wall Street. Our Software as a Service segment will help our clients achieve
non-recourse credit for their small business. Our alternative lending platform opens up
thousands of lenders to our clients.
Our clients are in the industry segment of health care. Medical doctors, dentists,
podiatry, just to name a few areas. We will attempt to be the go to company when banks
say no. The potential for success using our Fin Tech tools in the Health Care market
place is truly great. We are not however stopping there. We intend on adding new and
exciting divisions within our Health Care segment as opportunities present themselves.
We also have many opportunities that we are presently studying for Novation in
other industry segments, as diversification is smart business. We will report on this if and
when we strike a deal.
We at Novation appreciate the support and patience our shareholders have
exhibited. We will continue to work hard and add value to our company.
Yours Truly.
Michael Gelmon CEO.
https://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=25606
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